NON-INTEREST FINANCE

Ethical finance based on the core principles of fairness and social justice.

DID YOU KNOW

Non-interest finance works on a profit sharing basis, where profits derived from permissible transactions are shared amongst the depositors and the bank’s shareholders

01 October 2015 Jaiz Bank gets national licence
By Isaac Anumihe (The Sun)

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CENTRAL Bank of Nigeria (CBN) has granted a na­tional licence to Jaiz Bank and a waiver on the reduc­tion of its liquidity ratio from 30 per cent to 10 per cent. The licence will enable Jaiz Bank operate in any part...

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29 September 2015 NDIC Charges Jaiz Bank On Benefits Of Non-Interest Banking
By Bamidele Ogunwusi (The Daily Independent)

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Nigeria Deposit Insurance Corporation (NDIC) has admonished the Management of Jaiz Bank Plc to embark on intensive public awareness and financial education on the benefits of non-interest banking practice in the country in order to improve the volume of patronage. Managing...

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10 June 2015 Non-Interest Jaiz Bank Declares 157m Naira Profit
By Channels Television

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Nigeria’s foremost non-interest financial institution, Jaiz Bank Plc, has declared a profit before tax of 157 million Naira for the year 2014. The achievement was disclosed on Wednesday by the Chairman of the Bank, Dr Umaru Abdul Muttalab, at the third...

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21 August 2014 The Lotus Halal Equity Exchange Traded Fund LHE ETF
By Lotus Capital

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The Lotus Halal Equity Exchange Traded Fund LHE ETF is an open-ended fund that is intended to track the performance of the NSE-Lotus Islamic Index (NSE-LII). It is designed to enable investors obtain market exposure to the securities of the...

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14 August 2014 ​​​​Exchange Builds Capacity of Market Participants​
By The Nigerian Stock Exchange

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In line with its mandate to broaden and deepen the Nigerian capital markets, The Nigerian Stock Exchange (NSE) in partnership with Exchange Traded Funds providers (Vetiva Fund Managers Limited, Lotus Capital Limited and ABSA Capital, South Africa) today, August 14,...

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08 August 2014 Expectation high as Lotus Halal traded fund lists on NSE
By Business Day

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Hajara Adeola, managing director, Lotus Capital Limited, in this interview with BusinessDay’s Hope Moses-Ashike, speaks on the benefits of the forthcoming listing of first Sharia Compliant Equity Exchange Traded Fund, the Lotus Halal Equity Exchange Traded Fund (LHEETF) on the...

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